Full Path

JULY 30, 2024

In today’s automotive landscape, consumers and dealerships are caught in a complex web of economic pressures. Explore 2024 automotive market and leasing trends, with strategies for dealerships to navigate economic pressures and boost profitability. While May saw a slowdown, early June experienced a slight resurgence.

Dealerships 52

Dealerships Floorplan Down Payment Insurance 52

Auto Remarketing

MARCH 27, 2024

While demand for dealerships remained strong in the fourth quarter of 2023, dealership profits and blue sky values fell significantly year-over-year, according to research from Haig Partners. Sharply rising inventories and floorplan expense are pushing down profits at most stores. million in 2023,” Haig said.

Dealerships 59

Dealerships Floorplan Retail Buyer 59

Automotive Addicts

JANUARY 22, 2024

Vroom is set to wind down its used vehicle dealership business and focus on other key assets within its portfolio. Vroom’s move comes as a response to challenges in securing additional capital for its operations, particularly in extending the vehicle floorplan facility beyond its current expiration date of March 31, 2024.

Retail 110

Retail Floorplan Finance Customer 110

Carscoops

MAY 21, 2024

The decision stems from multiple meetings held with dealers around the country to discuss market concerns. Ford dealerships across America have been asked to pause their EV investments as the company makes last-minute changes to its electric vehicle certification program.

Floorplan 113

Floorplan Dealerships Term Marketing 113

AutoSuccessOnline

MARCH 12, 2024

Cox Automotive expects small gains in the used-vehicle market, despite limited availability. Be aware of how much credit you have — especially if you have multiple floorplan lenders — and stay away from hard money lenders who drain a dealer’s cash flow daily. Price vehicles based on market value and not how much you have in the unit.

Floorplan 52

Floorplan Deal Automotive Customer 52

CarExpert

MAY 15, 2024

GAC] also understand the difficulties of trying to launch a brand with just one model, when it’s not really sufficient to sustain a dealership network.” We’re not exactly looking to be coming into the market with a very, very aspirational target,” said Mr Lau. “In This includes building a plant in Thailand to build Aion EVs.

Sales 111

Sales Floorplan Networking Customer 111

Drive.com

JULY 28, 2024

We’re keeping an eye on how the market changes , particularly the legacy OEMs (original equipment manufacturer) that have the really big dealer networks, to make sure dealers don’t get caught in the middle of it,” CEO of the Motor Trades Association of Australia (MTAA) told Drive.

Floorplan 76

Floorplan Manufacturing Consulting Networking 76